3D Systems completes sale of Geomagic software portfolio

3D Systems (DDD) announced the successful completion of the sale of its Geomagic software portfolio to the Manufacturing Intelligence Division of Hexagon, a global leader in digital reality solutions, for $123 million before working capital adjustments and following the satisfaction of customary regulatory approvals and closing conditions. As part of its strategic focus, 3D Systems will now concentrate on advancing its core additive manufacturing software platforms, including 3D Sprint and 3DXpert, as well as the Oqton Industrial Manufacturing OS. The Company intends to continue expanding the capabilities of these solutions by leveraging artificial intelligence and automation to enable accelerated adoption of 3D printing technologies in high-volume, production environments.